As per the agreed terms, the company will receive all the generated output from the newly completed Piedmont Green Power plant, located in Barnesville, Georgia.
Commenting on the deal, Georgia Power president and CEO Paul Bowers said that the company will continue to employ renewable sources in its generation portfolio.
"Our customers want safe, clean, reliable and affordable energy, and that’s a commitment we will keep," added Bowers.
The Piedmont Green Power will utilize forestry byproducts in the process of biomass generation.
The plant will process 500,000 tons of woody biomass annually. The owner will retain all Renewable Energy Credits.
